The Abatement RegisterEllisAgreement 0006156
Texas Chapter 380 / 381 agreement · Ellis

Myti Properties, LLC and TIMCO Logistics Systems, Inc.

Agreement 0006156, filed with the Texas Comptroller by Ellis County, Texas.

$6,950,000committed capital investment
50%of Added Value of Real Property abated
March 2022performance deadline
The obligation

What the contract requires.

“to be substantially complete on or about March 2022”Executed agreement, p. 2
“the proposed IMPROVEMENTS will allow for the employment of approximately 15 additional full-time employees by March 31, 2022 for a total of 200 full time employees.”Executed agreement, p. 2
“with total expenditures in the approximate amount of $6,950,000 in real property investment for new construction of a 29,000 square foot maintenance facility”Executed agreement, p. 2
The remedy

The agreement terminates.

“As liquidated damages in the event of the termination of this AGREEMENT as a result of default by OWNER, all taxes which otherwise would have been paid to the COUNTY without the benefit of abatement”Executed agreement, p. 3

This clause ends the agreement. It states no repayment of money already received.

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · Added Value of Real Property · p. 4

What was abated, and for how long.

50%2023
50%2024
50%2025
50%2026
50%2027

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyEllis County, TexasThis AGREEMENT is entered into by and between Ellis County, Texas, duly acting herein by and through its County Judge, hereinafter referred to as COUNTY1
Contracting entityMyti Properties, LLC and TIMCO Logistics Systems, Inc.Myti Properties, LLC and TIMCO Logistics Systems, Inc. duly acting by and through its Authorized Officer, hereinafter referred to as OWNER.1
Parent / guarantorNot stated in the agreement—
InstrumentTax Abatement AgreementTax Abatement Agreement with Myti Properties, LLC and TIMCO Logistics Systems, Inc.2
Governing chapterChapter 312, Tax Code (property tax abatement)TNESSETH: WHEREAS, pursuant to the Ellis County Commissioners’ Court adoption on July 28, 2020 of Minute Order 304.20 (the “Tax Abatement Policy”), the COUNTY has elected to be eligible to participate in tax abatement and has established guidelines and criteria governing tax abatement agreements entered into between the COUNTY and various third parties, as authorized by and in accordance with the —
Capital investment$6,950,000with total expenditures in the approximate amount of $6,950,000 in real property investment for new construction of a 29,000 square foot maintenance facility2
Grant or incentiveNot stated in the agreement—
Jobs committed15 additional full-time employees recital language, not a covenantthe proposed IMPROVEMENTS will allow for the employment of approximately 15 additional full-time employees by March 31, 2022 for a total of 200 full time employees.2
Wage requirementNot stated in the agreement—
Square footage29,000 square footnew construction of a 29,000 square foot maintenance facility2
Acreage17.707 ACRESProperty ID 180388: 101 E BELLOW 12.227 ACRES Property ID 180394: 101 E BELLOW 4.56 ACRES Property ID 180390: 101 E BELLOW 0.92 ACRES9
Performance deadlineMarch 2022to be substantially complete on or about March 20222
ExpirationJanuary 1, 2028operate and maintain the PROPERTY as a production and office space for the period ending January 1, 2028.2
Effective dateJune 15, 2021Minute Order 298.21 June 15, 20211
SignatoryTim BalchNotice shall be in writing and shall be delivered by personal delivery or certified mail to Myti Properties, LLC, Attention: Tim Balch, 197 Ovilla Road, Waxahachie, TX 75167.3
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 2

new maintenance facility, improvements to entryways and parking areas

Parcels · p. 9
180388 · 180394 · 180390
How to check this page

Every line above is in the contract.

Agreement 0006156 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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